Godrej Consumer Share Price: Shares of Godrej Consumer Products surged 8% to its fresh all-time high of Rs 1,349.65 on BSE in Tuesday s early trade even after reporting a consolidated net loss of Rs 1,893 crore for the quarter ended March 31, 2024.
The current divestment is in-line with the management strategy of restructuring East Africa operations, where it has relatively low profitability, per analysts.
The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 21,700 level. Sectorally, buying was seen in the public sector, power, and banks, while telecom, capital goods, realty and metals saw some selling pressure.